A money manager is also referred to as an ?investment manager? or a ?portfolio manager?. These days money management services can be provided by either individuals or organizations like private banks, which are fiduciary responsible for the professional management of the securities like shares, bonds etc., portfolios, and assets like real estate of other individuals or organizational investors. Organizational investors like corporations, pension funds, insurance groups etc. The money managers take up the responsibility of not only prudently managing the assets of their clients, but also implement investment plans that provide maximum profit opportunity. The money managers have to meet specific investment goals of the invertors.

Asset management refers to money management of combined investment schemes like mutual funds, while fund management refers to all kinds of investment for institutions and money management of private investors. Fund manager refers to both a firm that provides money management services and also an individual who directs fund management decisions. Money manager's services include financial analysis, selection of asset, stock selection, implementation of plans, and monitoring investments. Money management has become a global and commercial industry. It is responsible for taking care of a huge sum of global currency. The large multinational corporations and companies of the world provide financial services. In many cases they are partly provide money management services and in turn employ money managers and create huge revenue.

Money management deals with the evaluation of the amount of risk involved in a decision of the client or an uncertain situation. A money manager helps the client to decide what percentage or part of the client's wealth or financial portfolio will be subjected to risk so that maximum profits can be gained. Money managers, in other words, provide practical advice to the customers for forex and stock trading. Money managers also help the customers to gain a greater control over the outgoing and incoming money, therefore enabling greater control over the flow of the money.

The people bringing money in the organization are called marketers and people directly investing are known as fund managers. There are people to ensure legislative records and regulatory requirements known as compliance staff. There are internal auditors who examine the systems and control the administrative functions. The financial controllers look after the institutions' money and expenditure. There are computer experts and other back office support staffs who track the transactions and maintain the record.

Money managers are experts who have a holistic knowledge about the market, the different investment strategies, which are suitable for whom, the tax liabilities, and so on and so forth. Another important responsibility of the money managers is the risk analysis. Their work ranges from research, monitoring assets, selecting investment options, and deciding the ideal time to purchase or sell some particular option. A money manager does not receive commissions for transactions but is paid on the basis of percent of assets undertaken for management. Therefore, the managers are not concerned about their and the growth of the portfolio is in the best interest of both the parties.